Topic: Roy Disney Resigns (Read 4819 times)

Taldren_Erin · « **on:** December 01, 2003, 06:14:11 pm »

http://news.bbc.co.uk/1/hi/business/3253814.stm :
Last Disney departs amid rancour

Roy Disney, nephew of Walt Disney and vice-chairman of the entertainment giant, has resigned and called on chairman Michael Eisner to do the same.

Mr Disney attacked Mr Eisner's leadership in a letter released ahead of a Disney board meeting this week.

"You and I have had serious differences of opinion about the... style of management in the company," he wrote.

He said the Walt Disney company had "lost its focus, its creative energy and its heritage" under Mr Eisner.

"You have driven a wedge between me and those I work with... I find this intolerable", Mr Disney said.

'Blunders'
Mr Disney has worked for the company since 1967, and led the expansion of Disney's animation department since 1984.

Can Michael Eisner lead the entertainment giant back to prosperity?

He has been angered what he sees as Mr Eisner's strategic blunders.

In particular, Disney has been hit by problems at the television network ABC, which it acquired in the mid-1990s.

And its theme park division, which Mr Disney said had been run over-cautiously by Mr Eisner, has suffered falling attendances.

"You have tried to build parks 'on the cheap' and they show it and attendance figures reflect it," Mr Disney said in his letter.

He bemoaned what he characterised as the "rapacious, soul-less" corporate culture introduced by Mr Eisner, under which long-term public trust and affection had been sacrificed for the sake of short-term financial gain.

Stanley Gold, a fellow director and an ally of Mr Disney, also announced his resignation.

Toasty0 · « **Reply #1 on:** December 01, 2003, 06:43:02 pm »

Quote:

He bemoaned what he characterised as the "rapacious, soul-less" corporate culture introduced by Mr Eisner, under which long-term public trust and affection had been sacrificed for the sake of short-term financial gain.

Given the tactics and manner by which Uncle Disney treated his employees and built the company this is just too funny. It just rings too hollow to be taken seriously.

Best,
Jerry

JMM · « **Reply #2 on:** December 01, 2003, 07:00:42 pm »

Toasty, enlighten us that do not know about the Disney family, I thought the founder was a good person? I dunno, he died when I was a kid, but I do remember how wonderful it was on a Sat or Sun night to watch the Disney show.

Sirgod · « **Reply #3 on:** December 01, 2003, 07:14:00 pm »

Not wanting to cause an arguement, But I have to wonder what Roy disney's relationship to Micheal Moore is. Or eisner's for that matter. I know that's not the reason, But I do wonder.

hehe, any one remember Sam Kinesons joke about walt being a Petshop boy? (early 80's )

Stephen

Harlax · « **Reply #7 on:** December 01, 2003, 11:10:18 pm »

There is a website which I have lost track of now which documents poor maintainance at the Parks. Walt was a stickler for upkeep and many Disney fanatics feel that the current management is indeed trying to run them "on the cheap."

On the other hand, you can hardly characterize the $100 million buyout that Michael Ovitz got at the end of his brief and less than stellar time as a Disney VP as "on the cheap." As my wife, a real Disney fanatic, said at the time - "I'd have agreed not to work for them for a tenth of that!"

I'll go look for the site again and post it if I find it.

edit - here it is, though it appears not to have been updated in a while.

http://www.wdwblues.com/index.2.html

Taldren_Erin · « **Reply #8 on:** December 01, 2003, 06:14:11 pm »

http://news.bbc.co.uk/1/hi/business/3253814.stm :
Last Disney departs amid rancour

Roy Disney, nephew of Walt Disney and vice-chairman of the entertainment giant, has resigned and called on chairman Michael Eisner to do the same.

Mr Disney attacked Mr Eisner's leadership in a letter released ahead of a Disney board meeting this week.

"You and I have had serious differences of opinion about the... style of management in the company," he wrote.

He said the Walt Disney company had "lost its focus, its creative energy and its heritage" under Mr Eisner.

"You have driven a wedge between me and those I work with... I find this intolerable", Mr Disney said.

'Blunders'
Mr Disney has worked for the company since 1967, and led the expansion of Disney's animation department since 1984.

Can Michael Eisner lead the entertainment giant back to prosperity?

He has been angered what he sees as Mr Eisner's strategic blunders.

In particular, Disney has been hit by problems at the television network ABC, which it acquired in the mid-1990s.

And its theme park division, which Mr Disney said had been run over-cautiously by Mr Eisner, has suffered falling attendances.

"You have tried to build parks 'on the cheap' and they show it and attendance figures reflect it," Mr Disney said in his letter.

He bemoaned what he characterised as the "rapacious, soul-less" corporate culture introduced by Mr Eisner, under which long-term public trust and affection had been sacrificed for the sake of short-term financial gain.

Stanley Gold, a fellow director and an ally of Mr Disney, also announced his resignation.

JMM · « **Reply #10 on:** December 01, 2003, 07:00:42 pm »

Toasty, enlighten us that do not know about the Disney family, I thought the founder was a good person? I dunno, he died when I was a kid, but I do remember how wonderful it was on a Sat or Sun night to watch the Disney show.

Sirgod · « **Reply #11 on:** December 01, 2003, 07:14:00 pm »

Not wanting to cause an arguement, But I have to wonder what Roy disney's relationship to Micheal Moore is. Or eisner's for that matter. I know that's not the reason, But I do wonder.

hehe, any one remember Sam Kinesons joke about walt being a Petshop boy? (early 80's )

Stephen

Harlax · « **Reply #15 on:** December 01, 2003, 11:10:18 pm »

There is a website which I have lost track of now which documents poor maintainance at the Parks. Walt was a stickler for upkeep and many Disney fanatics feel that the current management is indeed trying to run them "on the cheap."

On the other hand, you can hardly characterize the $100 million buyout that Michael Ovitz got at the end of his brief and less than stellar time as a Disney VP as "on the cheap." As my wife, a real Disney fanatic, said at the time - "I'd have agreed not to work for them for a tenth of that!"

I'll go look for the site again and post it if I find it.

edit - here it is, though it appears not to have been updated in a while.

http://www.wdwblues.com/index.2.html

Taldren_Erin · « **Reply #16 on:** December 01, 2003, 06:14:11 pm »

http://news.bbc.co.uk/1/hi/business/3253814.stm :
Last Disney departs amid rancour

Roy Disney, nephew of Walt Disney and vice-chairman of the entertainment giant, has resigned and called on chairman Michael Eisner to do the same.

Mr Disney attacked Mr Eisner's leadership in a letter released ahead of a Disney board meeting this week.

"You and I have had serious differences of opinion about the... style of management in the company," he wrote.

He said the Walt Disney company had "lost its focus, its creative energy and its heritage" under Mr Eisner.

"You have driven a wedge between me and those I work with... I find this intolerable", Mr Disney said.

'Blunders'
Mr Disney has worked for the company since 1967, and led the expansion of Disney's animation department since 1984.

Can Michael Eisner lead the entertainment giant back to prosperity?

He has been angered what he sees as Mr Eisner's strategic blunders.

In particular, Disney has been hit by problems at the television network ABC, which it acquired in the mid-1990s.

And its theme park division, which Mr Disney said had been run over-cautiously by Mr Eisner, has suffered falling attendances.

"You have tried to build parks 'on the cheap' and they show it and attendance figures reflect it," Mr Disney said in his letter.

He bemoaned what he characterised as the "rapacious, soul-less" corporate culture introduced by Mr Eisner, under which long-term public trust and affection had been sacrificed for the sake of short-term financial gain.

Stanley Gold, a fellow director and an ally of Mr Disney, also announced his resignation.

JMM · « **Reply #18 on:** December 01, 2003, 07:00:42 pm »

Toasty, enlighten us that do not know about the Disney family, I thought the founder was a good person? I dunno, he died when I was a kid, but I do remember how wonderful it was on a Sat or Sun night to watch the Disney show.

Sirgod · « **Reply #19 on:** December 01, 2003, 07:14:00 pm »

Not wanting to cause an arguement, But I have to wonder what Roy disney's relationship to Micheal Moore is. Or eisner's for that matter. I know that's not the reason, But I do wonder.

hehe, any one remember Sam Kinesons joke about walt being a Petshop boy? (early 80's )

Stephen

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Topic: Roy Disney Resigns (Read 4819 times)